STORY OF THE WEEK
Over €585 million invested in Romanian real estate so far this year

Story of the week

14
Oct
2019

Over €585 million invested in Romanian real estate so far this year

by Property Forum
The volume of real estate investments in Romania exceeded €585 million in the first nine months, shows the latest research report of CBRE. The office market attracted more than half of the investments, Bucharest and Cluj-Napoca being the most dynamic cities, with almost 90 percent of the investment volume.
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Hotel

14
Oct
2019

Accor to open new hotel in South Buda in 2020

by Property Forum
ibis Styles Budapest Genius in the 11th district of Budapest will welcome first guests in the fall of 2020. According to the recently signed agreement, Accor Pannonia Hotels Zrt. will manage the hotel.
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Radisson Hotel Group signs new resort in Poland Growing demand for Bucharest hotels Radisson Blu set to enter Cluj-Napoca

Industrial

14
Oct
2019

LPP opens e-commerce warehouse in Romania

by Property Forum
The first boxes with orders from a Polish clothing manufacturer have already set off from the warehouse just outside Bucharest. Thanks to the launch of the fulfilment centre with an area of 22,000 sqm LPP is now able to do deliveries to customers from South-Eastern Europe even the next day after the transaction. The warehouse will handle online orders for all five brands of LPP: Reserved, Cropp, House, Mohito, and Sinsay.
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Panattoni Europe completes 123,300 sqm big box in Poland Raiffeisen Bank refinances VGP Park Timisoara CTP & BRE enter into portfolio certification partnership

Investment

14
Oct
2019

CPI plans to acquire over €800 million worth of offices in Warsaw

by Property Forum
CPIPG expects to acquire more than €800 million of high-quality offices in Warsaw, Poland during Q4 2019 and early Q1 2020. The company’s team in Warsaw has identified eight properties totalling more than 235,000 sqm and has signed letters of intent (with exclusivity) on assets valued at more than €700 million.
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Mountpark acquires logistics development site in Bratislava Golub GetHouse buys plot of land in Warsaw Three banks provide €230 million refinancing for Warsaw Spire Tower

Office

14
Oct
2019

Futureal launches Corvin Promenade’s last office project

by Property Forum
Futureal Group has started the development of the final office complex on Corvin Promenade in Budapest, Hungary. Corvin7 developed in two phases will offer nearly 30,000 sqm of gross leasable area (GLA) in the immediate vicinity of Corvin Offices.
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Office demand remains strong across Europe Spaces enters the Katowice market Avestus Real Estate opens Łódź office complex

Career

10
Oct
2019

C&W Echinox announces new Head of Project Management

by Property Forum
Cushman & Wakefield Echinox consolidates the Project Management department by recruiting Andrei Ianculescu as Head of Project Management.
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P3 Logistic Parks appoints new CEO CBRE Romania recruits new Head of HR Avison Young recruits Senior Director in Poland

Retail

10
Oct
2019

NEPI Rockcastle to open two shopping centres in Romania

by Property Forum
NEPI Rockcastle announced that it will inaugurate Promenada Sibiu on November 14 following an investment of €100 million. The developer will also open a shopping centre in Târgu Mureș in March following an investment of €70 million.
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Multi to manage two more shopping centres in Poland Expo Market Doraly to develop retail park near Bucharest EBRD finances Voli supermarkets in Montenegro

Residential

10
Oct
2019

NEPI Rockcastle to develop apartments in Romania

by Property Forum
NEPI Rockcastle plans to develop residential projects around the shopping centres it owns in Romania. The company will develop apartment buildings in five cities: Brașov, Bucharest (around Mega Mall and Vulcan), Râmnicu Vâlcea, Satu Mare, and Timișoara.
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Cordia plans further expansion in Poland Gran Via completes Bucharest project Resi4Rent receives first use permit in Poland

Report

10
Oct
2019

Investment volume to see slight dip in Poland

by Property Forum
Prosperity on the real estate investment market in Poland is still noticed. Good economic situation and attractive yields in comparison to the Western Europe has attracted foreign investors even from distant countries and continents. Will the momentum be kept? What are the forecasts for the end of 2019?
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CEE office stock to exceed 30 million sqm by 2021 Overseas capital flows to the CEE real estate market Investors adopt diverse strategies

Interview

26
Sep
2019

CTP moves ahead at full speed after landmark transaction

by Ákos Budai
Having closed CEE’s largest ever real estate transaction this summer, CTP is carrying on with its ambitious development plan. Group CFO Richard Wilkinson talked to Property Forum about the company’s upcoming projects and the financing conditions industrial developers face.
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Tenants need a human-focused working space, not an office Can the permitting nightmare end for developers in Prague? Property owners are realizing that it’s time to go digital

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